RE:Bought offering The wording on this one is a bit condescending, no offense! The whole point of going to market is to build wealth for a business without putting money at risk else it would be a private company. It's the entire point of capital markets. Judging by your post history you're a more than competent investor.
I would suggest reaching out to Ian and you can report back if you'd like. He won't confirm any info.. it is about to get really interesting in Delta 9 land. You can rank revenue top to bottom for all Canadian pot plays. You'll be surprised to see where we stand in the dual LP-retail category.
The narrative does need to be amplified but underlying numbers. We're ahead of a ton of LPs - rank them.
Canadaforoil wrote: So was the bought offering to finance an acquisition in the market? SCU has a current cap of $18.5 million, so they would still be short, but could make up the difference in shares. If they can pull this off and create Second Cup/D9 cannabis rooms, that would be interesting. But will there be money in the businesses and how long will the affects of COVID be around, keeping people isolated? Listing in the U.S. is impossible right now with their financials and why worry about going into a big pond where notobdy knows who you are. The company needs to focus on "creating shareholder value" and trying to get listed in the U.S. won't help at all. D9 is barely noticed in Canada as an investment opportunity. The one thing the Arburhnots did was use the markets to build a small/medium business which will provide them with a good salary/return for life. Like they say, never use your own money to build a business. We all helped build a small business for the Arbuthnots, like parents giving their kids money to open a pizza joint to get them out of the house.